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#thatcher

3 posts3 participants0 posts today

Thatcher was wrong about public money, but neoliberalism feted her fictions...

youtube.com/watch?v=xvz8tg4MVpA

The following study of UK (ditto US, etc) govt spending debunks the lie:

It shows that the UK govt creates £s whenever it spends. Neither taxes nor borrowing are required.

The first detailed analysis of UK govt spending shows that "public expenditure is always financed through money creation rather than taxation or debt issuance."

papers.ssrn.com/sol3/papers.cf

#mmt #uspol #ukpol #thatcher .

Replied in thread

Day 20 💰💰🏭🏦🛢️☢️🕍⛪🙏🔥

“spin-off of the US-based #CPAC – short for Conservative Political Action Conference – the #Sydney-based outfit described itself as a “values-based” organisation that “espouses the best of #Howard, #Reagan and #Thatcher while exploring new ideas and themes for the coming generations”.

Guests at the August event included #OneNation senator Pauline Hanson, Michelle Pearse, the CEO of the #AustralianChristianLobby, and broadcaster and soon-to-be alleged sex offender, #AlanJones.

Overseas talent included Jay Aeba, chairman of the Japanese Conservative Union and Heather Wilson, mother of six and co-founder of #GiveSendGo, a #Christian #crowdfunding network which has helped raise money for #NeoNazis and #AntiVaxxers

“Then, in 2018, investment banker and long-time #ClimateConspiracist Maurice Newman, billionaire storage king Sam Kennard, and David Adler, of the #FarRight Australian Jewish Association (AJA), got together to form #AdvanceAustralia. Money was no problem: #HedgeFund manager and #Liberal Party donor Simon Fenwick tipped in $190,000; a further $400,000 came from Sydney #Establishment couple Rodney and Judith O’Neil, and the Taylor #winemaking family.

Advance pitched itself as a champion of the #SilentMajority#HowardsBattlers 2.0. But its real concerns were better expressed by another early backer, #hotelier James Power, who was then engaged in a battle to prevent women from becoming members of #Brisbane’s #Tattersall’s Club.”

If you noticed a darker turn to the election this week, here’s a good explanation of the WHY and HOW. Also I see Tony 🧅 got a new job.

#AusPol / #LNP / #Nationals / #Australia <archive.md/wY3Cn> / <theage.com.au/national/copied-> (paywall)

Replied in thread

He speaks from the heart!

IMO, #neoliberalism and #libertarianism were justified for a maximum of about 5-10 years in the era of #Kohl, #Thatcher and #Reagan, when e.g. the so called “Deutschland AG” had to be broken up.

Instead of dying afterwards, the ideology mutated into a delusion, enslaved people, created monopolies, plundered natural resources, murdered, putsched and invaded other countries “when needed”.

#Trump and his #fascism are just the visible fruiting body of this deadly fungus.

Left is now #Green Party not #Labour.

Since 1989 £7 billion paid to #ThamesWater shareholders instead of upgrading the Victorian sewage system.

#Thatcher thought she could have her cake and eat it. Get the cost of overhauling national infrastructure off the government’s balance sheet, while overseeing progress.

Only one element happened…and her city mates got rich
leftfootforward.org/2025/03/gr?

Left Foot Forward: Leading the UK's progressive debate · Green Party co-leader calls for renationalisation of Thames Water during sewage works visit"With every passing day, it’s becoming clearer and clearer that 40 years of water privatisation has been 40 years of disaster."
Replied to Geri ❤️

@Geri

Lest we forget:

“But a 2024 #Labour #government committed to the #Blair-#Thatcher status quo, which refuses to meet the UK’s accumulating crises with a programme equal to it, will only aid a nativist and authoritarian right that offers its own, hallucinatory solutions. Our likely trajectory, absent fundamental reform, is one that discredits the centre-left in government and empowers the extreme right in opposition”

via Dan Hind in Open Democracy

@UKLabour

opendemocracy.net/en/keir-star

openDemocracy How to get better than Starmer’s reheated Blairism in 2024 OPINION: To avoid another government committed to continuing Thatcherism, we need new tech that makes votes count